Reviews

You have to crawl through 14 pages of the advisory client agreement to find out that there's an insane 0.6% annual program fee, and you can only see this after you've spent ten minutes setting up your account. That fee is more than double any comparable app. Incredibly shady.

Really excited to start using Twine. I have been looking for a good way to invest/save passively for a while now. The fees are negligible and free withdrawals are nice. The set up flow was fairly informative too. Hopefully the rest of the experience using the app is as good as the onboarding.

Hi all hunters and makers! 👋 After months of hard work and tons of TLC, we are so excited to share the launch of Twine with you.
Today, most of us have few options for achieving our financial goals. We’re forced to be financial experts and make decisions for our families. We wonder if we’re doing enough. It’s hard to get started and most of us save too little, too late. The financial services industry puts complicated technology and expensive financial products first. We’ve done the opposite.
Twine is the first saving and investing app built for two. We make it easy to manage all of your shared and individual goals in one place – each with a dedicated brokerage account and customized portfolio. You can save for everything from your emergency fund to longer-term goals all within Twine.
An estimated 30 million Americans save most of their money in checking or savings accounts. Twine is built to help anyone become an investor – we automatically make investments and keep your portfolio rebalanced.
We view Twine as a living, breathing thing that will keep improving over time – and your feedback and thoughts help make this happen. I’d love to hear what you liked best about the product and what you want to see in the future. Most of all, thanks for coming on this journey with us.
Give Twine a try and we’d love to hear your thoughts.
Thank you!!!
Uri and Team Twine

Hi @ryanstenson - thanks for sharing your thoughts. First, I want to emphasize that it's completely free to use Twine, open a brokerage account and save in cash. In cases where a customer wants to invest, we charge a 0.6% AUM fee. We've baked in more complex functionality unique to Twine that allows customers to open any number of goals, each with their own brokerage accounts and portfolios. However, we do take your feedback seriously and appreciate you sharing it.

@ryanstenson As opposed to a savings account, it's a brokerage account. We make it very easy to switch from a cash savings account to an invested account later, if you choose to - without the need for you to open a new account. Here's how it works re: interest. If you choose to open an account but not invest, you’ll earn interest on your money, paid monthly into your account. The balances you keep are protected by the Federal Deposit Insurance Corporation (FDIC), protecting you against the loss of your insured deposits up to $250,000. As of August 2017, the annual interest rate paid on cash is 0.43% . The rate adjusts in line with current federal interest rates.

I was about to download, then I read the iOS reviews on the iOS store... All were about how amazing the product was and it had a 5.0 review rating. I am cautious to download a product that seems too good to be true. maybe the 15 people out there that left the reviews are legit and really love the product. Or maybe its just friends and family :)
I hope the product gains traction b/c it looks like it could be useful. Also, I was hoping for a totally free budgeting program and based on someone elses review here, there may be a fee?

Hi @alassiter thanks for sharing your thoughts. I want to clarify that Twine is completely free to use for goals where you're saving in cash (for example, an emergency fund - or any other goal that you prefer to save for in cash). We'll open up a brokerage account, set up auto savings and provide access to the full Twine app experience. For goals where you wants to invest, we charge a reasonable fee for investing for you and automatically rebalancing your portfolios regularly.

Is it a coincident or something else, the idea that strikes me while driving to casino @ late night on which i am working solo to transform it into reality via app has already been built and available. i am surprised. how did you guys get the similar (my) idea? Design, business model, targeted customers everything is similar. how come? However, something of mine is slightly different than this one.
I can share my business model (idea) with you guys which i believe is going to boost this application to be very much popular and worthy in exchange of some % of this company. I know sounds weird and crazy, but you never know. rabinson.sapkota@gmail.com if you like to make a deal. i am available in linkedin too.